News Forum - 4 tips about buying a condo in Thailand

[Thaiger]

Buying property in Thailand requires some good advice and a bit of reading-up before plunging yourself into the hundreds of opportunities, around the country. Condos, which a foreigner can own freehold, has the potential to yield a good profit for your investment. Most condos have relatively low maintenance costs and the ability to use the property for residential or investment purposes, so condos can offer great value and accessibility. As always, The Thaiger recommends you do plenty of reading and homework before committing to a purchase of property in Thailand. 1. Why are you buying a condominium? For foreigners wanting […]

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[palooka]

I can shorten that to one tip.

DON'T.

[DesperateOldHand]

6 minutes ago, palooka said:

I can shorten that to one tip.

DON'T.

Exactly.

Shouldn't even be considered.

[samiam123]

4 hours ago, DesperateOldHand said:

Exactly.

Shouldn't even be considered.

I don't see any reason to do it.  The biggest problem is that you can't pick your neighbors or what happens in your neighborhood.  If you rent you just hand back the keys and move on.

It's probably just as easy to lose money on buying a condo as it is to make money.  The market can shift underneath you, building maintenance and upkeep can often be quite bad to non-existent.  They could build a bunch of new condos around you lowering the price of your investment.  There are lots of things that can go against you that you have no control over.

Edited July 25, 2022 by samiam123